Market Look

Just finished the Schindler factory tour. WOW! Later the Auschwitz-Birkenau concentration camps. Those that know me know that if I have 5 drinks each year, it is a big year. May double that after the visit. Will say more over the weekend but first…MESSAGE TO TRUMP! DO NOT TALK ABOUT THE MARKETS. DO NOT TALK…

Greetings from Krakow, Poland where soon we will be heading to the Auschwitz and Birkenau concentration camps. You hear that Sean Spicer? Dude! Just go to google.com and you will know what went on there. Markets continue the topping process while major indices are down just a few percent from the highs. We have been…

Greetings from Krakow and may I say what an under-rated city. It is fantastic. Awesome town.Great main square. People fabulous. Who would have known? Futures down just a wee bit after yesterday’s decent reversal.  Just keep in mind, market has lost some of its steam…but good news is first line of sport for major indices…

Continued greetings from Berlin. Tonight’s radio program was pre-taped in the first hour of trading…before the midday deep selloff and before the decent reversal by the close. The final outcome of the day: The Dow and S&P both undercut the 50 day and finished right on top of the moving average. Important. When an index…

Very quickly since just got back from an amazing tour of Berlin: WATCH FINANCIALS. They look suspect here. IF they break a secondary support level, expect major indices to take out the 50 day. This would be important. Otherwise, we head into earning’s season knowing internals have gone south and knowing we have not had…

Almost midnight here in Berlin…a fascinating place. Will write about it in my retro diary later this week. We remain worried about the financials. Another day of not acting well. In fact, we do not think it takes much to break them down from another level. If this occurs, it will not be good for…